Mohacsy's Safe Portfolio Member Forum

[santafe2]

Powell reiterated today that two more rate hikes were "probable". What I find interesting is that my preferreds are up 1/2% today. I would have thought they'd be down and I could do some buying. This market feels way too hopeful. Reminds me of the line from Dumb and Dumber where Jim Carrey is trying to get a date with Lauren Holly and she tells him; you're chances are about one in a million. Carrey's character says, "so you're telling me there's a chance".

Although I don't see much strength or growth in the economy over the rest of this year, I also don't see much of a chance of a meaningful recession. In that case the Fed will keep muddling through until the jobs market weakens, the consumer quits spending and/or inflation returns to 2%. I don't see any of those as likely scenarios until at least after summer.